natural gas

U.S. Still 2020 Global Leader in Petroleum, Natural Gas Production Despite Pandemic Drop-Off

U.S. Still 2020 Global Leader in Petroleum, Natural Gas Production Despite Pandemic Drop-Off

Even amid declines associated with the Covid-19 pandemic, the United States maintained its status as the globe’s leading producer of petroleum and natural gas in 2020, a recent analysis from the Energy Information Administration (EIA) shows. Domestic petroleum and natural gas output fell year/year in 2020 after reaching record highs in 2019, EIA said in…

July 22, 2021
Mexico’s CFE in Dispute with WhiteWater Midstream Over Natural Gas Contracts

Mexico’s CFE in Dispute with WhiteWater Midstream Over Natural Gas Contracts

Mexican state utility Comisión Federal de Electricidad (CFE) said it is looking into possible corruption related to natural gas contracts with WhiteWater Midstream LLC. CFE said that natural gas contracts signed in 2016 and 2017 under the previous Mexican administration are under investigation on both sides of the border for potential corrupt practices including influence…

July 20, 2021
Pittsburgh International Airport Completes Marcellus Shale-Fueled Microgrid

Pittsburgh International Airport Completes Marcellus Shale-Fueled Microgrid

The Pittsburgh International Airport (PIA) has completed a first-of-its-kind microgrid that’s powered by Marcellus Shale natural gas and solar panels. The microgrid will power PIA’s entire campus, making it the first airport in the world to receive its electricity entirely from a microgrid.  “Pittsburgh International Airport is now one of the most site-hardened public facilities…

July 20, 2021
August Natural Gas Futures, Cash Prices Cruise Higher

August Natural Gas Futures, Cash Prices Cruise Higher

Natural gas futures on Monday cruised higher for a second consecutive session as forecasts pointed to stronger weather-driven demand over the back half of July. The August Nymex contract advanced 10.5 cents day/day and settled at $3.779/MMBtu. The prompt month had gained 6.0 cents on Friday to close out trading last week. The September contract…

July 20, 2021
Natural Gas Futures Find Footing As Supply Looks Light

Natural Gas Futures Find Footing As Supply Looks Light

Natural gas futures rebounded on Friday, following three straight daily losses, as traders mulled the potential for paltry levels of stockpiles ahead of the withdrawal season later this year. The August Nymex contract gained 6.0 cents day/day and settled at $3.674/MMBtu. September advanced 5.7 cents to $3.658. NGI’s Spot Gas National Avg., however, fell 13.5…

July 19, 2021
Mexico Natural Gas Market Spotlight: Sur de Texas-Tuxpan Pipeline Poised to Become Main Import Option

Mexico Natural Gas Market Spotlight: Sur de Texas-Tuxpan Pipeline Poised to Become Main Import Option

The dynamics of the nascent Mexican natural gas market are shifting once again with the 2.6 Bcf/d Sur de Texas-Tuxpan marine pipeline on the cusp of becoming the main source of supply into Mexico. On July 13, the marine pipeline transported 1.339 Bcf into Mexico’s southeast, slightly below the 1.439 Bcf seen on the Ramones…

July 15, 2021
Natural Gas Futures Fall Back As July Cooling Demand Eases

Natural Gas Futures Fall Back As July Cooling Demand Eases

Natural gas futures rebounded early Wednesday, as liquefied natural gas (LNG) levels bounced back and reassured markets of robust export demand. Still, bearish tilts in domestic weather outlooks and estimates for a higher storage injection put downward pressure on futures in afternoon trading. The August Nymex contract ultimately fell 3.6 cents day/day and settled at…

July 15, 2021
Pemex Intervention Could Harm Mexico LPG Market, Experts Warn

Pemex Intervention Could Harm Mexico LPG Market, Experts Warn

Plans for Mexico’s state oil company Petróleos Mexicanos (Pemex) to enter the retail liquefied petroleum gas (LPG) business bode poorly for competition, consumers and the company itself, according to local energy sector stakeholders. President Andrés Manuel López Obrador announced last week that Pemex would launch a subsidiary called “Gas Bienestar” or “Gas Wellbeing” within three…

July 14, 2021
Natural Gas Futures, Cash Prices Give Up Ground as Domestic Demand Eases, Exports Level Off

Natural Gas Futures, Cash Prices Give Up Ground as Domestic Demand Eases, Exports Level Off

Natural gas futures on Tuesday slid lower, following forecasts for a pullback in weather-driven demand and lower liquefied natural gas (LNG) levels in the wake of maintenance work.  The August Nymex contract shed 5.3 cents day/day and settled at $3.696/MMBtu. A day earlier, the prompt month had gained 9.2 cents. September fell 5.0 cents to…

July 14, 2021
As South American LNG Demand Soars, New Fortress Secures Gas Supply Through 2027

As South American LNG Demand Soars, New Fortress Secures Gas Supply Through 2027

New Fortress Energy Inc. (NFE) has reached an agreement for liquefied natural gas (LNG) supply through 2027 for most of its import terminals and power generation facilities. The company has nine import terminals in operation or under development in the Caribbean, Central America, Mexico and South America. It imports LNG in underserved markets where it’s…

July 13, 2021
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